Recent News

Osisko Mining Intersects 71.9 g/t Au Over 2.9 Metres at Lynx

February 27, 2018 / feedproxy.google.com

TSX: OSKwww.osiskomining.com Mr. John Burzynski reports:TORONTO, ONTARIO--(Marketwired - Feb. 27, 2018) - Osisko Mining Inc. (OSK:TSX) ("Osisko" or the "Corporation") is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban ownship, Eeyou Istchee James Bay, Qu?(C)bec. The 800,000 metre drill program...Read More

Nautilus Minerals Announces Preliminary Economic Assessment for its Solwara 1 Project

February 27, 2018 / feedproxy.google.com

TSX: NUSwww.nautilusminerals.com Mr. Michael Johnston reports:TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSM) (Nasdaq Intl Designation) (the "Company" or "Nautilus") is pleased to announce the results of a Preliminary Economic Assessment ("PEA") prepared by AMC Consultants Pty Ltd ("AMC"), contained in an independent National Instrument 43-101 ("NI 43-101") t...Read More

Sandstorm Gold Provides Asset Updates

February 27, 2018 / feedproxy.google.com

TSX: SSLwww.sandstormgold.com Mr. Nolan Watson reports:VANCOUVER, Feb. 26, 2018 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to provide recent development and exploration updates from the Company's royalty properties.-McEwen Announces 100,000 Metre Exploration Program at the Black Fox ComplexMcEwen Mining Inc. ("McEwen") announced details on...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 27/02

February 27, 2018 / www.metalbulletin.com

A summary of base metals premiums across the globe for the week to Tuesday February 27.Read More

LIVE FUTURES REPORT 27/02: Comex copper price extends rout on dollar strength

February 27, 2018 / www.metalbulletin.com

Comex copper prices were once again trading in negative territory on Tuesday February 27, with the complex under pressure due to a surging dollar. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.95 cents or 0.6% to $3.1930 per lb. The red metal has now slipped for three consecutive sessions. The US dollar is driving the marketplace right now, with a lack...Read More

Historic smelter payable structures affect bull cases for lead, zinc

February 27, 2018 / www.metalbulletin.com

Historic payment structures are enabling zinc smelters to raise primary output even as market-related terms such as metal premiums and concentrate treatment charges remain low; but the opposite is true for lead. Zinc smelters which process concentrates into refined metal only have to pay for 85% of the zinc metal contained in concentrate they purchase, but generally utilize 97% or more. Lead smelt...Read More

EGA's primary aluminium output hits record high in 2017

February 27, 2018 / www.metalbulletin.com

Primary aluminium production at Emirates Global Aluminium (EGA) rose 4% to a record 2.6 million tonnes in 2017, the aluminium producer said on Tuesday February 27. EGA sells about 10% of its production to customers in the United Arab Emirates. It sold 268,000 tonnes of aluminium metal to customers in the UAE in 2017, compared with 262,000 tonnes - including sales of hot liquid metal to customers l...Read More

NORTH AMERICAN MORNING BRIEF 27/02: LME base metals firm; Para authorities order production cut at Alunorte refinery; China's refined zinc imports jump

February 27, 2018 / www.metalbulletin.com

The latest metal markets news and price moves to start the North American day on Tuesday February 27.Base metals prices on the London Metal Exchange were mostly firmer during morning trading, but no significant movements are taking place.The three-month aluminium price was $20 higher as it pushed back above $2,150 per tonne after further cancellations at LME-listed warehouses. 24,900 tonnes was ca...Read More

EGA's alumina, bauxite projects on track to start production in 2019

February 27, 2018 / www.metalbulletin.com

Emirates Global Aluminium's (EGA) strategic upstream integration projects, Al Taweelah alumina refinery in Abu Dhabi and Guinea Alumina Corp (GAC) bauxite mine in the Republic of Guinea, are making "strong progress", the company said on Tuesday February 27. Work on the Al Taweelah alumina refinery is 76% complete and alumina output is expected to begin in the first half of 2019, EGA said. The Al T...Read More

Earnings at Mexico's ICH down 11% in Q4 2017

February 27, 2018 / www.metalbulletin.com

Earnings at Mexican steel group Industrias CH (ICH) fell by 11% year-on-year in the fourth quarter of 2017 because of the lower volumes sold.Earnings before interests, taxes, depreciation and amortization (Ebitda) amounted to 1.34 billion pesos ($72 million) during the quarter, compared with 1.51 billion pesos a year earlier, the company said in a report to the Mexican stock exchange on Monday Feb...Read More

Earnings at Mexico's Grupo Simec up 6% in Q4 2017

February 27, 2018 / www.metalbulletin.com

Mexican steelmaker Grupo Simec increased its earnings by 6% year-on-year in the fourth quarter of 2017, amid lower costs and expenses, but did not manage to keep itself in profit for the three months.Earnings before interests, taxes, depreciation and amortization amounted to 1.13 billion pesos ($61 million) during the period, up from 1.06 billion pesos in the fourth quarter of 2016, the company sa...Read More

ArcelorMittal to invest $20 mln to expand Neuwied service center

February 27, 2018 / www.metalbulletin.com

ArcelorMittal is planning to invest a further ?,?10 million ($12.31 million) by the end of this year in the expansion of its service center in Neuwied, Germany, the company said on Tuesday February 27.It had already invested ?,?6.5 million this year before the end of February, so that will bring the total for 2018 to ?,?16.5 million.The steelmaker processes flat steel at the site, which mainly com...Read More

Flat Steel Products Trade Log, February 27, 2018

February 27, 2018 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilChina, export, hot-rolled coil (2mm), offered at $620-630 per tonne cfr, to the UAE.India, export, hot-rolled coil (2mm), offered at $650-660 p...Read More

Semi-finished Steel Products Trade Log, February 27, 2018

February 27, 2018 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletIran, export, billet, traded at $535-540 per...Read More

GLOBAL VANADIUM WRAP: China market in post-holiday lull; EU, US supply tightness continues to drive prices

February 27, 2018 / www.metalbulletin.com

The Chinese vanadium market remained sluggish after the Lunar New Year holiday came to an end last week, but the European and US markets continued to strengthen amid supply concerns. China market sluggish after holiday, prices steady Tightness in European market bolsters prices once again US market continues to strengthen on thin supplyChinese vanadium participants were slow in returning to the ma...Read More

GLOBAL MANGANESE WRAP: Thin trading activity leaves manganese prices largely stable

February 27, 2018 / www.metalbulletin.com

Global manganese alloy and ore markets were broadly stable last week, with trading activity remaining subdued following the Lunar New Year holiday. Chinese manganese markets rangebound on thin trading due to holiday period EU alloys continue to be supported by strong ore markets US manganese alloys hold firm on consolidated suppliesManganese ore prices little changed amid thin tradingManganese ore...Read More

Vale's Q4 earnings drop 12.9% amid lower iron ore prices, sales

February 27, 2018 / www.metalbulletin.com

Vale's earnings fell by 12.92% year on year in the fourth quarter of 2017, the Brazilian miner said late on Tuesday February 27, due to lower prices and reduced shipments amid margin optimization strategies.The company's fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) amounted to $4.11 billion, against $4.72 billion a year before. But fourth-qua...Read More

Scotland to have its first commercial gold mine

February 27, 2018 / www.mining.com

Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources' (LON: SGZ) application for the development of its Cononish project.The asset produced first gold in August 2016 following the launch of an ore processing trial, but after the approval by the Loch Lomond and the Trossachs National Park Authority, the plan is now to bu...Read More

Indian shift from scrap drives global DRI production up 8% in January

February 27, 2018 / www.metalbulletin.com

Worldwide output of direct-reduced iron (DRI) increased by 7.60% year-on-year in January 2018, driven by higher production from India, according to the World Steel Assn (Worldsteel).DRI output was 6.47 million tonnes in January 2018, compared with 6.02 million tonnes one year before, Worldsteel said on Monday February 26.India's DRI output jumped by 114.62% year-on-year to 2.15 million tonnes in t...Read More

Zambia to start forcing miners to move 30% of minerals by rail

February 27, 2018 / www.mining.com

Zambia, Africa's second largest copper producer, will begin enforcing a law that requires miners to transport 30% of their cargo by train, in a move aimed at boosting the country's rail sector.Mining companies have expressed their concerns about the rail system capacity, warning that the government has not properly considered the potential impact on the network.Transport Minister Brian Mushimba sa...Read More

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